Which NBA player is going to take over the Warriors?
The NBA’s most prolific scorer and the league’s most popular player, Bronson Human Resources, is going public.
The company, whose website lists it as a “major employer” in California, announced the sale of its shares in its stock on Wednesday morning.
Its stock, which closed at $12.75, was up $6.11 at $23.83.
That’s a gain of 8.6 percent over the previous day, according to FactSet.
The announcement comes a few weeks after the NBA sold a majority stake in the Warriors to Microsoft for $2.7 billion.
The sale of the Warriors, whose ownership structure and player-development policies have been a subject of fierce debate in recent years, was part of the broader restructuring of the NBA and its owners, the owners of the Los Angeles Lakers, the San Antonio Spurs and New York Knicks.
It came at a time when NBA teams are increasingly focusing on their business and not their owners.
The Warriors were sold to Microsoft in February for $4.8 billion.
Its ownership structure, which has allowed its players to earn big money, has also been a point of contention in recent months.
In March, Microsoft agreed to pay $3 billion in a $1.5 billion deal to buy a controlling stake in Brooklyn Nets basketball team the Nets.
The NBA Players Association and the NBA Players Union also are seeking to end the NBA’s ownership structure.
“The NBA has a unique model where ownership is more of a partnership and where the owners have more say in the business and how the business is run,” Microsoft CEO Satya Nadella told investors during a conference call on Wednesday.
The deal with Microsoft, announced Wednesday, will give the company a 50 percent stake in all NBA teams.
It will also give the NBA its first major outside investment.
The new company will be headquartered in Menlo Park, California.
The Los Angeles Clippers, which owns the Los Angeles Clippers and the New York City Nets, are also part of Microsoft’s new ownership group.
“We’re pleased to be working with Microsoft on this strategic investment, and we look forward to sharing more details with the NBA as we move forward,” Clippers owner Donald Sterling said in a statement.